Working Papers
URI permanente desta comunidadehttps://repositorio.insper.edu.br/handle/11224/3232
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Working Paper Opportunistic and Partisan Election Cycles in Brazil: New Evidence at the Municipal Level(2010) Sakurai, Sergio Naruhiko; NAERCIO AQUINO MENEZES FILHOThis article tests the hypothesis of opportunistic and partisan cycle models using a new large data set of Brazilian municipalities over the 1989-2005 period. The results show an increase in total and current expenditures and a decrease in municipal investments, local tax revenues and budget surplus in election years. They also show that partisan ideology exerts a relative influence on the performance of the local public accounts. These results confirm that both opportunistic and partisan cycles have occurred in the management of the budgets of Brazilian municipalities after the end of the military government.Working Paper Fiscal policy and reelection in Brazilian municipalities(2008) Sakurai, Sergio Naruhiko; NAERCIO AQUINO MENEZES FILHOThis paper uses a new panel of more than two thousand Brazilian municipalities over thirteen years to analyze the influence of public expenditures on the probability of mayors’ reelection. We examine Brazilian municipal elections from 1988 to 2000 using a logit fixed effects model. The results suggest that higher public expenditures executed during the whole political term increase the probability of reelection of Brazilian mayors. In particular, higher capital spending over the years preceding elections and current expenditures in election years are beneficial to Brazilian incumbent mayors.